Saia, Inc. (NASDAQ:SAIA) Shares Sold by Capital Group Private Client Services Inc.

Capital Group Private Client Services Inc. trimmed its stake in Saia, Inc. (NASDAQ:SAIA) by 17.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 60,241 shares of the transportation company’s stock after selling 13,068 shares during the period. Capital Group Private Client Services Inc. owned approximately 0.23% of Saia worth $27,454,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of SAIA. Alliancebernstein L.P. grew its holdings in shares of Saia by 69.3% during the fourth quarter. Alliancebernstein L.P. now owns 1,939,615 shares of the transportation company’s stock worth $883,941,000 after purchasing an additional 794,197 shares during the last quarter. Norges Bank acquired a new stake in shares of Saia in the 4th quarter valued at about $64,410,000. Artemis Investment Management LLP grew its stake in Saia by 72.9% during the 4th quarter. Artemis Investment Management LLP now owns 249,782 shares of the transportation company’s stock worth $113,833,000 after buying an additional 105,356 shares during the last quarter. Raymond James Financial Inc. acquired a new position in Saia during the fourth quarter worth approximately $46,514,000. Finally, Stephens Investment Management Group LLC acquired a new position in Saia during the fourth quarter worth approximately $45,767,000.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. Raymond James lowered their target price on shares of Saia from $540.00 to $455.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 8th. Bank of America lowered their price objective on shares of Saia from $565.00 to $484.00 and set a “buy” rating on the stock in a research report on Wednesday, March 5th. Wells Fargo & Company decreased their target price on shares of Saia from $510.00 to $400.00 and set an “equal weight” rating for the company in a research note on Thursday, March 27th. UBS Group dropped their price target on Saia from $557.00 to $422.00 and set a “buy” rating on the stock in a research report on Tuesday, April 8th. Finally, TD Cowen increased their price objective on Saia from $456.00 to $478.00 and gave the stock a “hold” rating in a research report on Tuesday, February 4th. One analyst has rated the stock with a sell rating, five have given a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat.com, Saia has a consensus rating of “Moderate Buy” and an average price target of $484.39.

Insider Buying and Selling

In other news, CAO Kelly W. Benton sold 460 shares of the firm’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $500.00, for a total value of $230,000.00. Following the completion of the transaction, the chief accounting officer now owns 4,287 shares in the company, valued at $2,143,500. This trade represents a 9.69 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Patrick D. Sugar sold 799 shares of Saia stock in a transaction on Monday, February 10th. The stock was sold at an average price of $493.74, for a total value of $394,498.26. Following the transaction, the executive vice president now directly owns 8,629 shares of the company’s stock, valued at $4,260,482.46. This trade represents a 8.47 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 9,493 shares of company stock valued at $4,646,181. 0.30% of the stock is owned by insiders.

Saia Stock Performance

Shares of SAIA opened at $334.55 on Friday. The company has a market capitalization of $8.91 billion, a PE ratio of 24.76, a P/E/G ratio of 2.24 and a beta of 1.99. Saia, Inc. has a 52-week low of $287.50 and a 52-week high of $624.55. The company has a 50-day simple moving average of $386.17 and a 200-day simple moving average of $454.31. The company has a quick ratio of 1.26, a current ratio of 1.57 and a debt-to-equity ratio of 0.08.

Saia (NASDAQ:SAIA) last posted its quarterly earnings results on Friday, February 7th. The transportation company reported $2.84 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.87 by ($0.03). The company had revenue of $789.00 million for the quarter, compared to analyst estimates of $794.69 million. Saia had a net margin of 11.28% and a return on equity of 16.63%. Saia’s revenue was up 5.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $3.33 earnings per share. Equities research analysts predict that Saia, Inc. will post 15.46 earnings per share for the current fiscal year.

Saia Profile

Saia, Inc, together with its subsidiaries, operates as a transportation company in North America. The company provides less-than-truckload services for shipments between 100 and 10,000 pounds; and other value-added services, including non-asset truckload, expedited, and logistics services. It also offers other value-added services, including non-asset truckload, expedited, and logistics services.